And yet most investors are more complacent than ever.
What about you?
I'm talking about inflation — not just the rapid inflation that's already burst onto the scene, but inflation that's much, much worse.
Inflation that rips through the savings of average Americans like a paper shredder.
Inflation that guts the portfolios of investors even when the stock market is going up.
Inflation that guts their portfolios again when stocks crash.
This danger should be abundantly obvious to everyone. It's all over the news.
And the rising tide of conflict in the world today can only make it worse.
Not just wars in one country or region, but also trade wars, cyberwars and massive supply chain disruptions sweeping the globe.
I know. All this is shocking.
But what's even more shocking to me is that most people are still so complacent about the truly dangerous inflation that's rearing its ugly head today.
They didn't live through the 1970s, when folks waited in gas lines for long hours just to top off their tanks … when the value of supposedly ultrasafe Treasury bonds plunged by more than half and … when the price of gold surged 2,324%.
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